Following is the Short Summary of transfer of shares from Indian to NRI
1. Procuring
Valuation certificate from registered Valuer/Chartered Accountants
2. Payment of
stamp duty of transfer of shares by resident indian (transferor)
3. Execute
Share transfer form Sh-4
4. Transfer of
Consideration amount by Non –residents to resident
5. Filing of
EMF and SMF registration along with the supporting documents
6. Procuring
FIRC and KYC from AD bank
7. Execute
share transfer documents for FC-TRS filing
8. Filing of
Form FC-TRS with RBI within 60 days of transfer of remittance
9. Receiving
approval from RBI on form SMF-FC-TRS Filed
